Iris Biometric Market: Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

Report Code: ZMR-205 | Report Format : | Status : Upcoming |

Abstract

Iris biometric is an automated method used for the identification that uses mathematical pattern-recognition techniques on video images of one or both of the irises of an individual's eye, whose complex random patterns are unique, stable, and can be noticed from a certain distance. Iris recognition systems capture images of an iris while it is been illuminated by the light in the near infrared wavelength band (700 to 900 nm) of the electromagnetic spectrum. In the iris biometric system, a template that is created by imaging an iris is compared with stored template in the database for the purpose of identification or verification. Different methods used for comparison process are one-to-one template matching and one-to-many template matching.

Newer technology advancements and growing use in surveillance, access, and identity applications is the major factor driving the growth of the global iris biometric market. Constant use of this technology in national ID programs, healthcare, banking and financial services, and system and network access control is also anticipated to impact the growth of the market in a positive way in the near future. In addition, smart phone manufactures are showing great interest in using iris biometric technique for the improvement of safety standards. In addition, national security agencies are also using the iris scanning technology for the purpose of verifying the identity of the immigrating people from other countries. On the other hand, lack of appropriate standards and high costs may hamper the growth of the global iris biometric market in future.

On the basis of components, the global iris biometric market is segmented as hardware components and software components. Based on the product, the global market is further segmented as smartphones, tablets and notebooks, smart watches, PCs and laptops, scanners, and others. On the basis of application, the global iris recognition market is segmented as access control and time monitoring. Further based on the end-use industry, the global market is segmented as government, military and defense, banking and finance, healthcare, consumer electronics, automotive, and travel and immigration. Out of these, the government segment accounted for the largest share of the market.

Europe dominates the global iris biometric market followed by North America owing to its high demand in the region. Asia Pacific is anticipated to witness the fastest growth followed by Middle East. Owing to the services such as access control, national identity, time and attendance monitor, and public safety provided by this technique, the iris biometric market is expected to experience high growth in the future.

Major players dominating the global iris biometric market are Smartmatic, MorphoTrak, Smart Sensors Ltd., Anviz Global, SRI International, and Iris ID Inc. Other players influencing the global market are BioEnable Technologies Pvt. Ltd., Aditech Ltd., IrisGuard Inc., Human Reco Systems, AOptix Technologies Inc., and EyeLock Corp.

Iris Biometric Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany 
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Related Reports

Wearable Artificial Intelligence (AI) Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Price : $ 3999.00 | Report Code: ZMR-4205 | Report Format:

Global Wearable Artificial Intelligence (AI) Market: Overview Wearable artificial intelligence (AI) is an advanced drug delivery technology in a wearable device that is inserted beneath the skin in order to administer medication to the patient or an individual. The wearable device is also termed...Read More

Treasury Software Market by Deployment (Cloud-Based and On-Premises), by Organization Size (Large Enterprises and Small and Medium Enterprises), and by Vertical (BFSI, Manufacturing, Healthcare, Consumer Goods, Chemicals, Metals, & Energy, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Jun-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-4198 | Report Format:

The report covers a forecast and an analysis of the treasury software market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes the drivers and restraints of the trea...Read More

Strategy Management Software Market by Type (Cloud-Based and On-Premises), by Organization Size (Large Enterprises and Small and Medium Enterprises), by Platform (Mobile Devices and Desktops), and by Industry Vertical (Banking, Financial Services, and Insurance, Manufacturing, Healthcare, IT and Telecommunication, Retail, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

Jun-2019 | Price : $ 4899.00 | Pages: 110 | Report Code: ZMR-4184 | Report Format:

The report covers a forecast and an analysis of the strategy management software market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The study includes the drivers and restraints of the ...Read More

Sports Technology Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Price : $ 3999.00 | Report Code: ZMR-4180 | Report Format:

Global Sports Technology Market: Overview Sports technology has found a plethora of applications in sports events such as cricket, rugby, soccer, etc. Sports technology has garnered prominence over the recent years, owing to rise in the indoor sports activities such as table tennis, chess, etc.,...Read More

Computer Aided Manufacturing (CAM) Market by Component (Solutions and Services) and by Application (Aerospace & Defense, Automobile, Shipbuilding, Machine Tool, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025

May-2019 | Price : $ 4899.00 | Pages: 143 | Report Code: ZMR-4153 | Report Format:

The report analyzes and forecasts the computer aided manufacturing (CAM) market on a global and regional level. The study offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Million). The assessment of market dynamics gives a brief insight into th...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.